EXPORT SECTOR OF HOME TEXTILES IN INDIA Presented by: Arushi Saran Khushboo Bagri Mahima Kabra Prakriti Gaur Sushant Lulla
EXPORT SECTOR OF HOME TEXTILES IN INDIA
Presented by: Arushi Saran Khushboo BagriMahima Kabra
Prakriti Gaur Sushant Lulla
OBJECTIVES
• To analyze the export industry of home textile of India
• To study the market share of major key players.
• To study the contribution of various products to the export industry of India
• To perform a SWOT analysis of the sector
FINANCIALS OF INDIA
MARKET SIZE
Exports in textiles and apparel from India are expected to increase to USD 65 Billion by 2016-17 from USD 38 Billion (provisional) during 2014-15.
INDIAN HOME TEXTILE EXPORTS
INR 284 Billions Out of INR 18 Trillions (Total Exports of 2014-2015)
PRODUCTS•Bed linen, Table linen, Kitchen linen, Toilet linen• Beddings• Bed covers, Bed spreads• Cushions, Cushion covers, Duvets• Quilts and quilting materials• Curtains• Terry towels• Comforters• Carpets and other floor coverings• Blankets and Rugs• Mattresses• Upholstery• Other made-ups
HARMONISED SYSTEM CODE
CATEGORY GROWTH
Export scenario of blankets & travelling rugs with HS code- 6301 *Values in Lacs
HS Code Name of the commodity 2011-2012
2012-2013
2013-2014
2014-2015
2015-2016
630110 ELECTRIC BLANKETS 44 38 50 22 91
630120 BLANKETS(OTHER THAN ELECTRIC BLANKETS)AND TRVLNG RUGS,OF WOOL OR OF FINE ANIMAL HAIR
4037 2912 4222 3176 3097
630130 BLANKETS(OTHER THAN ELECTRIC BLANKETS) AND TRAVELLING RUGS,OF COTTON
18550 23184 32001 31636 28673
630140 BLANKETS(OTHER THAN ELECTRIC BLANKETS) AND TRAVELLING RUGS,OF SYNTHETIC FIBRES
10492 13161 23394 28238 19561
630190 OTHER BLANKETS AND TRAVELLING RUGS : 26301 29630 34435 42350 28943
TOTAL 59425 69928 94104 105423 80361
2011-2012 2012-2013 2013-2014 2014-20150
20000
40000
60000
80000
100000
120000
Export scenario of blankets & travelling rugs with HS code- 6301
Export Scenario of: Bed linen, Table linen, toilet linen and Kitchen linenHS codes- 6302 *All Values in Rs. Lacs
HS code Name of Commodity Exports in 2011-
12Exports in 2012-13 2013-2014 2014-2015 2015-2016
63021010
Bed linen, knitted or crocheted: Of cotton 33269 22219 12815 13,922 7,593
63021090
Bed linen, knitted or crocheted: Other 7455 10787 7604 3330 2245
63022200
Other bed linen, printed: Of man-made fibres 13935 16714 11803 12361 5998
63022900
Other bed linen, printed: Of other textile materials 10479 9341 100367 12626 6473
63023100
Other bed linen: Of cotton169809 108265 104047 80783 123811
63023200
Other bed linen: Of man-made fibres 1692 1131 5306 4580 5102
63023900
Other bed linen: Of other textile materials 15163 6014 7412 4590 10334
63024020
Table linen, knitted or crocheted: Of wool or fine animal hair 107 114 66 21 28
63024030
Table linen, knitted or crocheted: Of cotton 2766 5943 8749 8386 8452
63024040
Table linen, knitted or crocheted: Of man-made fibres 350 1092 527 165 147
63025300
Other table linen: Of man-made fibres 114 1656 1112 1301 1223
TOTAL 724869 647466 782168 859898 692662
2011-2012 2012-2013 2013-2014 2014-20150
100000
200000
300000
400000
500000
600000
700000
800000
900000
1000000
724869647466
782168859898
Export Scenario of: Bed linen, Table linen, toilet linen and Kitchen linen
HS codes- 6302
Exports during a year
HS code Name of Commodity Exports in
2011-12Exports in 2012-13
Exports in 2013-14 2014-2015 2015-2016
(Apr-Dec)63031
100Of cotton 76751.24 80380.51 83098 - --
63031200
Knitted or crocheted: Of synthetic fibers 542.81 410.897 358 333 236
63031900
Knitted or crocheted: Of other textile materials 715.71 649.86 723 315 389
63039100
Other: Of cotton 49,110.30 53,941.27 53334 52893 42166
63039200
Other: Of synthetic fibres 8,019.59 5,790.64 5039 4717 4638
63039910
Of other textile materials: Silk shower curtains 958.58 1,230.33 1335 936 691
63039990
Of other textile materials: Other 17404.25 18357.53 28554 27354 20874
TOTAL 76751 80380 89346 86149 68996
Export Scenario of: Curtains (including drapes) and interior blinds: Curtain or bed valances (Knitted or crocheted)HS codes- 6303
*All Values in Rs. Lacs
Export Scenario of: Curtains (including drapes) and interior blinds: Curtain or bed valances (Knitted or crocheted)
HS codes- 6303
2011-2012 2012-2013 2013-2014 2014-201570000
75000
80000
85000
90000
95000
HS code Name of Commodity Exports in
2011-12Exports in 2012-13
Exports in 2013-14 2014-2015 2015-2016
(Apr-Dec)63041
100Bedspreads- knitted or crocheted 981.15 327.34 483 420 1764
63041910
Bed sheets and Bedcovers of Cotton 1,84,009.76 3,99,978.14
413692 498858 366697
63041930
Bed sheets and Bedcovers of Man-made Fibers 19,815.96 20,107.51 18921 16393 9200
63041990
Other Bed sheets and Bedcovers N.E.S 19,271.09 33,688.86 114917 120281 68497
63049110 Silk Belt 61.19 17.97 13 36 23
63049120 Woollen Cushion Cover 881.85 831.19 815 780 343
TOTAL564085 875216 990796 1048715 793811
Export Scenario of: Other furnishing articles, Bed spreadsHS codes- 6304
*All Values in Rs. Lacs
2011-2012 2012-2013 2013-2014 2014-20150
200000
400000
600000
800000
1000000
1200000
Export Scenario of: Other furnishing articles, Bed spreadsHS codes- 6304
PERCENTAGE OF EXPORTS OF DIFFERENT PRODUCTS
PERCENTAGE ACCORDING TO CONTINENTS
PERCENTAGE ACCORDING TO THE COUNTRIES OF EUROPE
GROWTH FACTORS
SUPPLY SIDE
• Leading home textile manufacturers.• Up gradation in the infrastructure &
technology• Relaxation in the government policies &
other incentives• End of quota regime acting as a stimulus to
further export growth
DEMAND SIDE
• Increasing consumption trend towards global products.
• There is a trend of going with the seasonal tastes.
• Hospitality Sector is also one of the major sectors which have a huge demand for soft furnishing
EXPORT LOCATIONS
MAJOR EXPORTERS• Bombay Dyeing Ltd.• Alok Industries Ltd.• Abhishek Industries Ltd.• Orient Craft• Welspun Ltd.• Kurlon Ltd.• S Kumars Nationwide Limited• Gujarat Fertilizers & Chemicals Ltd• SPC Industries Ltd.• Shital Fibres Ltd
WELSPUN LTD.Asia's largest and the 2nd largest Terry Towel producers in the World.a distribution network in 32 countries largest exporters of home textile products from India.Fully integrated Home Textile Manufacturer - from spinning to finishingowns leading brands like Christy, Hygro Comfort and others
Trident Ltd.
• One of the largest yarn spinners in India, one of the world's largest terry towel manufacturers
• Sold under various established brands, namely Home Essential, Classic, Kids & Mom, Floral, Colors and Indulgence.
• Customer base spread across more than 75 Countries in 6 Continents
DCTEX
• India’s largest manufacturer and exporter of curtains and upholstery fabric for last five years.
• One of India's largest exporters of synthetic furnishing fabrics to Asia, Europe, US, Gulf etc.
• Amongst the top furnishing companies in the world manufacturing luxury furnishing fabrics, upholstery, drapery, bed linen, and made ups with a turnover of 350 crore INR approx.
Foreign collaborations
SWOT ANALYSIS
STRENGTH
•Large and diverse cotton textiles industry and its intrinsic strength in embellished home textiles.•Abundant availability of skilled labour at a low cost for carrying out handwork embellishments such as embroidery and embellishments such as patchwork, thread work and decorative accents also gives makers an edge
STRENGTH
• Excellent design capability of Indian Designers.
• Government support to increasingly diversify and further exports.
WEAKNESS
• Fluctuating value of the Indian Rupee • The industry is critically Dependent on cotton.
Raw cotton prices are highly fluctuating.• Highly competitive quality and prices from
neighbouring countries like Bangladesh and China
• China’s competency to produce certain finishes is much advanced than India.
OPPORTUNITIES
• India is currently highlighted at the global level, India could utilize this place to open pvt labels abroad.
• Elimination of Quota Restriction, according to FICCI research, has helped India expand its global market further since 2005.
THREATS
• Rupee fluctuations with respect to US $ and Euro affects the volume and value of exports.
• Increasing energy costs.• Not upgrading our technology may result in
Indian exports shifting to other countries.
SECTOR & FDI POLICIES
1. 100% FDI is allowed under the automatic route in the textile sector; investment is subject to all applicable regulations and laws.
2. Technology Up gradation Fund Scheme has infused investment of more than INR 2,687 Billion in the industry. Support has been provided for modernisation and up gradation by providing credit at reduced rates and capital subsidies.
3. Scheme for Integrated Textile Parks provides world-class infrastructure to new textile units. To date, 57 Textile Parks have been sanctioned with an investment of INR 60 Billion. By 2017, 25 more textile parks are to be sanctioned.
4. Integrated Processing Development Scheme for sanctioning processing parks has been initiated. INR 5 Billion has been earmarked for this scheme.
*EXPORT PROMOTION CAPITAL GOODS SCHEME(EPCGS)*DUTY EXEMPTION & REMISSION SCHEME
FOCUS MARKET SCHEME(FMS)
The exporters of all products to countries, as
notified in Appendix 37C of HBP Vol.1 are
entitled for Duty Credit Scrip equivalent to 3%
of FOB value of exports in free foreign
exchange.
5. Integrated Skill Development Scheme has provided training to 1.5 Million people to cover all sub-sectors of textiles such as textile and apparel, handicrafts, handlooms, jute and sericulture.
EFFECT OF TRADE AGREEMENTSComprehensive economic partnership agreement between India & Japan
TAX DEDUCTIONS
• A weighted tax deduction is given under Section 35 (2AA) of the Income Tax Act.
EXPORT SECTOR SCHEMES
• Export Promotion Capital Goods Scheme (PCGS).Duty Remission Scheme. Focus Product Scheme, Special Focus Product Scheme, Focus Market Scheme.
EXPORT PROMOTION COUNCILS
• The Cotton Textile Export Promotion Council• Carpet Export Promotion Council• Cotton Corporation of India Ltd.• National Institute of Fashion Technology
REFERENCES
• Confederation of Indian Industry• Ministry of Textiles• Ministry of foreign trade• Ministry of commerce• Market research paper by Ace Global Private
Limited
THANKYOU